The Kemsley Agency Limited 31/10/2025 iXBRL

Company registration number: SC349017

The Kemsley Agency Limited

Unaudited filleted financial statements

31 October 2025

The Kemsley Agency Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

The Kemsley Agency Limited

Directors and other information


	Director	Michael D H Kemsley


	Secretary	Michael D H Kemsley


	Company number	SC349017


	Registered office	11 Ashley Street
		Glasgow
		G3 6DR


	Business address	11 Ashley Street
		Glasgow
		G3 6DR


	Accountants	Barrie Scott & Co.
		16-18 Weir Street
		Falkirk
		FK1 1RA

The Kemsley Agency Limited

Report to the director on the preparation of the

unaudited statutory financial statements of The Kemsley Agency Limited

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Kemsley Agency Limited for the year ended 31 October 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.

This report is made solely to the director of The Kemsley Agency Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Kemsley Agency Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/ documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Kemsley Agency Limited and its director as a body for our work or for this report.

It is your duty to ensure that The Kemsley Agency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Kemsley Agency Limited. You consider that The Kemsley Agency Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Kemsley Agency Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrie Scott & Co.

Accountants & Tax Advisers

16-18 Weir Street

Falkirk

FK1 1RA

30 June 2026

The Kemsley Agency Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	73,047		97,395
Tangible assets	6	1,441		2,258
		_______		_______
			74,488		99,653

Current assets
Debtors	7	335,113		364,487
Cash at bank and in hand		32,681		75,839
		_______		_______
		367,794		440,326
Creditors: amounts falling due
within one year	8	( 49,587)		( 106,849)
		_______		_______
Net current assets			318,207		333,477
			_______		_______
Total assets less current liabilities			392,695		433,130

Creditors: amounts falling due
after more than one year	9		-		( 5,833)

Provisions for liabilities			( 360)		( 565)

			_______		_______
Net assets			392,335		426,732
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Share premium account			499,000		499,000
Profit and loss account			( 107,665)		( 73,268)
			_______		_______
Shareholders funds			392,335		426,732
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

Michael D H Kemsley

Director

Company registration number: SC349017

The Kemsley Agency Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Kemsley Agency Limited, 11 Ashley Street, Glasgow, G3 6DR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of advertising services provided, net of Value Added Tax. Revenue from advertising is recognised when the service has been provided.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Computer equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	486,964	486,964
	_______	_______
Amortisation
At 1 November 2024	389,569	389,569
Charge for the year	24,348	24,348
	_______	_______
At 31 October 2025	413,917	413,917
	_______	_______
Carrying amount
At 31 October 2025	73,047	73,047
	_______	_______
At 31 October 2024	97,395	97,395
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	8,630	48,104	56,734
	_______	_______	_______
Depreciation
At 1 November 2024	6,935	47,541	54,476
Charge for the year	254	563	817
	_______	_______	_______
At 31 October 2025	7,189	48,104	55,293
	_______	_______	_______
Carrying amount
At 31 October 2025	1,441	-	1,441
	_______	_______	_______
At 31 October 2024	1,695	563	2,258
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	43,794	83,825
Amounts owed by associated company	141,302	134,912
Other debtors	150,017	145,750
	_______	_______
	335,113	364,487
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan	5,833	10,000
Trade creditors	35,813	61,652
Corporation tax	-	3,934
Social security and other taxes	3,254	25,461
Other creditors	4,687	5,802
	_______	_______
	49,587	106,849
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	-	5,833
	_______	_______

10. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
Michael D H Kemsley	20,000	20,000
	_______	_______

11. Controlling party

The company is controlled by the director Mr M D H Kemsley .